On Poland’s Independence Day 11 November 2023 two new Polish satellites were put in orbit by Falcon 9 (SpaceX) starting from Vandenberg Space Force Base in California to launch in total 90 satellites for various companies from all-over the world. The first Polish satellite Intuition-1 observes the Earth with a hyperspectral instrument and on-board computing…
Facing inflation and geopolitical uncertainty, investors have been forced to revise their strategies, according to the Schroders Global Investor Study 2023. Persistent inflation and geopolitical uncertainty – coupled with the need to decarbonize economies – are making it difficult to navigate markets and forcing investors around the world to revise their investment strategies, the flagship…
Creotech Instruments presented its results for Q3 2023, in which it generated PLN 33.2 million in total revenue, up 45% year-on-year, of which PLN 22.5 million was revenue from product sales, 64% more than in the same period last year. In line with the company’s development plan, including the intensification of R&D work in key…
Scania’s plant – an investment area of almost 11 hectares, production and storage halls, office and social buildings – has been put up for sale, with the new owner able to start operating the site as early as the third quarter of 2024. Scania’s Slupsk plant has been an integral part of the Pomeranian industrial…
The programme Orka launched in 2014, one of the most important modernisation programmes in the Polish Armed Forces, provides for purchase of new submarines for the Polish Navy. On 29 November 2023 Hanwha Ocean from the South Korea expressed its aspirations for a strategic collaboration and presented a comprehensive package of proposals concerning its KSS…
Centralny Port Komunikacyjny (CPK) has signed a Memorandum of Understanding with ADIF, Spain’s national railway infrastructure manager, aimed at strengthening the strategic cooperation between the parties in the development of the high-speed rail network in Poland. ADIF is one of the most experienced HSR infrastructure managers in Europe and Spain’s HSR network is the longest…
The Chinese company Sanhua Automotive has invested between PLN 160 million and PLN 208 million in a plant for the production of thermal system parts for electric and hybrid vehicles in the Katowice Special Economic Zone (KSSE). The plant is expected to create 350 new jobs by 2025. The plant will produce parts for electric…
Scanway and Marble Imaging have begun collaboration to develop Europe’s first constellation of satellites providing very high resolution multispectral Earth data (VHR). Marble Imaging, a German company that develops Earth Observation (EO) services based on data from existing constellations of VHR satellites, and Scanway, a Polish company that provides advanced optical instruments for space, have…
Poland’s Thorium Space is becoming a leading light in the European space industry. In mid-November, Poland officially joined the European Space Agency’s (ESA) optional programs and on November 30, the Polish firm Thorium Space was added to the HummingSAT program – a new product line of European small telecommunications satellites for geostationary orbit (GEO). “Thorium…
Yulchon of Korea has been producing for the automotive industry in Korea and Mexico and is moving now to Poland as well, building a plant near Wroclaw, another major Korean investment in the Wroclaw metropolitan area. Yulchon Poland’s new plant in Komorniki near Wroclaw will cost more than PLN 100 million (EU 23 million). Yulchon…
The London Stock Exchange Group has been operating in Gdynia for more than 17 years and is growing all the time. It has just moved to a new office in 3T Office Park, the company’s largest branch in Poland. The LSEG (London Stock Exchange Group) in October celebrated its new office in Gdynia, with an…
Standard Chartered Bank has opened a new branch in Warsaw, with its first employees starting on November 1. Standard Chartered Bank is the hub for Standard Chartered’s EU activities. The new branch represents a key part of a broader strategic program aimed at developing the bank’s operations in Europe. It is well-positioned, both geographically and…
